Laif Meidell: Egypt index up 30% over past three months

10:18 PM,
Feb. 26, 2014

Laif Meidell

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Laif Meidell

It might come as a surprise, but this week Egypt has made it to the top of our list of countries ranked by performance, with the Market Vectors Egypt Index up 4.42 percent over the past five days and up 30.31 over the past three months. Over the past year, if you listen only to what's reported by the mainstream media about Egypt, you might have heard stories of violence, political unrest and a fragile economy.

Although Egyptian stocks may have come from the ashes nearly a year ago, the recent performance is not flash-in-the-pan. Since Hosni Mubarak was removed from office in late June 2013, the ...